Bunge Global SA (NYSE:BG) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Bunge Global SA (NYSE:BG) by 285.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,081 shares of the basic materials company’s stock after buying an additional 12,646 shares during the period. Intech Investment Management LLC’s holdings in Bunge Global were worth $1,824,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC acquired a new stake in shares of Bunge Global in the first quarter valued at $2,137,000. Avantax Advisory Services Inc. bought a new position in shares of Bunge Global during the 1st quarter valued at about $899,000. Chevy Chase Trust Holdings LLC grew its stake in shares of Bunge Global by 2,975.7% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 80,460 shares of the basic materials company’s stock worth $8,249,000 after purchasing an additional 77,844 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Bunge Global by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 41,422 shares of the basic materials company’s stock worth $4,247,000 after purchasing an additional 6,281 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Bunge Global by 22,962.5% during the first quarter. AdvisorNet Financial Inc now owns 7,380 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 7,348 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Trading Down 1.4 %

NYSE BG opened at $97.44 on Tuesday. The firm’s 50 day moving average price is $101.35 and its two-hundred day moving average price is $103.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $114.92. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 7.85 and a beta of 0.65.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The business had revenue of $13.24 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the prior year, the firm posted $3.72 EPS. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. Equities analysts anticipate that Bunge Global SA will post 9.3 EPS for the current year.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.